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Latest News

Real estate firm acquires 67% of Basic Energy

Real estate company MAP 2000 Development Corp. (M2DC) has signed an agreement to acquire 67 percent of Basic Energy Corp. (BSP). BSC said in a disclosure to the Philippine Stock Exchange that the agreement allows M2DC to acquire about 9.8 billion of the holding firm’s primary shares. Such shares shall be, pending approval of the…

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M2DC buys stake in Basic Energy

MAP 2000 Development Corp. (M2DC) is acquiring a majority stake in Basic Energy Corp., the energy company led by the De Venecia Group. In its disclosure, a memorandum of agreement was signed between the two companies in which M2DC will buy at least 67 percent of Basic Energy, subject to several conditions. M2DC will acquire…

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